Options News
$SE keeps winning for bulls
Option traders racked up exponential gains in Sea Limited today for the second consecutive session. On Feb. 26, Investitue’s market scanners flagged the purchase of 2,400 March $17.50 calls for $0.45 with shares at $16. Volume was twice the previous open interest in the strike, showing that this was fresh buying. Those calls traded for […]
Option traders racked up exponential gains in Sea Limited today for the second consecutive session.
On Feb. 26, Investitue’s market scanners flagged the purchase of 2,400 March $17.50 calls for $0.45 with shares at $16. Volume was twice the previous open interest in the strike, showing that this was fresh buying.
Those calls traded for as much as $4.10 today, 9 times their purchase price. The stock surged 34.19% in the same time frame, a large move but nowhere near that of its options on a relative basis.
It is the second winning trade in the name posted on Investitute in as many days. Investitute co-founder Pete Najarian cited even more bullish option activity in Sea Limited on CNBC’s “Halftime Report” today.
SE reached a session high of $21.69 before pulling back to close at $21.50, off 1.65% on the day. The Singapore-based digital entertainment, e-commerce, and financial-services company surged on strong quarterly results after the market closed on Feb. 26.